My Strategy- Please dont be angry folks
The Company will look to raise funds sooner rather than later. Likely a standard CR to Sophs and existing retail. My guess would be raise at 12 Cents, with some juicy options.
If I am entitled to any allocation (Based on my measly $500 share holdings) I will take as much as I can, then sorry to say will dump heads as soon as they are allocated and hold the options. I fully understand those that feel a rights issue would be a fairer option and I agree. Its just that im betting on the CR not being fair.
Then post CR with the lack of any substantial news and the ever so well-timed down ramping of certain posters, I can see the SP drifting towards the .10 range prior to spud for the next drill.
At that time I will likely buy a substantial holding then start to free carry as the SP rises post Spud of M2. All the while holding on to the options in case of a Commercial discovery.
This is just my strategy and not advice.
